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Corvex MOVE Connected Devices And Services — Technology & Infrastructure

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Other financials

Income statement

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Revenue$510.0K+148%
Gross profit-$945.0K-107%
Operating income-$4.8M+7.5%
Net income-$5.0M+3.3%
EPS (diluted)-$3.13+41.5%

Balance sheet

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Cash & equivalents$28.9M+4,126%
Total debt$22.8M+3,165%
Total equity$576.0M+17,711%
Total assets$604.5M+7,684%

Cash flow

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Operating cash flow-$4.3M+0.3%
CapEx$6.2M
Free cash flow-$10.5M

Valuation

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Market cap$43M+583%
Enterprise value$36.84M+427%
P/S58.3×+45.0×

Profitability

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Gross margin-424.9%-2,244pp
Operating margin-2,050.5%-817pp
Net margin-2,457.5%-909pp
FCF margin-2,175.8%

Returns & leverage

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Return on equity-6.3%
Debt / equity-0.2×
Current ratio2.1×+0.4×

Where this comes from

Reported directly by Corvex in its filing.

Tagged under the XBRL concept move:TechnologyAndInfrastructure.

The official record: Corvex ’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corvex 's connected devices and services — technology & infrastructure?
Corvex (MOVE) reported connected devices and services — technology & infrastructure of $653K in Q1 2026.
What does connected devices and services — technology & infrastructure mean?
This metric tracks the operating expenses dedicated to research, development, and the ongoing maintenance of the technical architecture supporting the Connected Devices and Services segment. It highlights the company's commitment to innovation and the operational overhead required to keep AI cloud services competitive.